Sure, the United States is growing at a nice clip. But Europe’s economy is expanding at an even faster rate.
“Anything the U.S. economy can do the eurozone economy can do, slightly better it seems,” said Jacob Deppe, head of trading at online currency broker Infinox Capital.
“With both the U.S. and eurozone growing in tandem and with Asian economies on a roll, the hope is that 2018 delivers continued growth, further confidence and economic stability for the first time in a decade,” he added.
The improving economic picture in Europe helped boost the euro to $1.25 this month, an increase of 21% from its low of $1.03 at the start of 2017.